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and a house committee is set to look whether or not it should actually continue. chief correspondent jim angle is live in washington with more. hi, jim. >> reporter: hello, jenna. what started out as an effort to by ronald reagan to help people in rural areas to have a phone in case of emergencies what critics suspect is a new welfare program, listen. >> the cost has gone from $143 million a few years ago, to $2.2 billion today, a 15 times increase. >> reporter: now the cost of the program lept after cell phones were added in 2008. only those on low income programs such as welfare and food stamps legally qualify. but lawmakers say the program is out of control. >> i got a solicitation for a free phone at my apartment which is certainly not in a building where you're going to have people who are qualified for free phones. there is clearly money being wasted here. >> the fcc said in a recent year there were 270,000 beneficiaries that had more than one of these subsidized cell phones that is completely against the law right there. >> reporter: now funded by a small tax on all phone bills you can
morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer who is tasting mcdonald's new breakfast lineup which we'll talk about this hour. got a triple whammy of dow, dupont, trafrlers, utx pretty good as futures are on the rise. day of reckoning, some have said, netflix soaring after last night's results. in europe, weak pmis out of germany, china, too, but the european markets are pricing in higher expectations this morning for a rate cut from the ecb. our road map begins with users streaming internet flicks, the house of cards paying off for the company and shares skyrocketing for the company. is it too late to buy the stock. >> we're counting down to apple's earnings report and that will be after the close. the shares over the $400 mark. one way or the other. >> luxury not dead, at least not according to coach and we'll dig deeper into those numbers. >> u.s. airways and delta beating those numbers. >> not quite as sanguine. we'll take a look at the airline sector and talk about travel turbulence a bit, as well. >> definitely not comericcal. >> for the fir
afternoon. to help us through the issues of the day today ambassador jim jones, former u.s. ambassador to mexico will be here in studio with us. igor volsky, of course here as he is every tuesday from think progress and a very exciting guest today and an unusual guest, randy couture a former mma boxing star, a boxing star and an mma star and a great actor, too. extenders? >> expendables. i think he's a chump and i'm going to tell him that to his face. >> bill: he will crush you! >> you're probably right. >> bill: he will crush you. >> you're definitely right! >> bill: i have a friend who wrestled with him. >> no kidding! >> bill: he told him didn't stand a chance. flattened him out. >> if you're not familiar with randy, go online and do a google image search for him. >> bill: i'm afraid of him already. >> there are a lot of pictures of him with his shirt off. he is chilled out of rock. >> bill: i'm afraid of him already. i'm going to have cyprian come in and stand alongside of me. >> your body guard? [ laughter ] perfect. >> bill: all right. and yes indeed, they're whining about air tr
at the same time. people can also fork out $500 to attend a joe montana autograph signing or $150 to see jim harbaugh at a stadium event. the new stadium will cost $1.2 billion when all is said and done. >>> sal, everything okay in san jose? >> yes, it is. it is a little bit slower than it was. northbound as you drive up through downtown and get into the valley, it will be slow. but we don't have any major crashes on the way. just people getting back to work and we don't have -- we don't see anything really terrible here. the traffic continues to slow on 101 as well by the way getting up to the 880 interchange. we had an earlier crash at the toll plaza. they had to get those cars out of the way. for a while, even the carpool lanes were slowing down. it does look like they've cleared the crash and the traffic is beginning to recover. southbound 880, there was a crash at the bottom of the ramp. 880, it's been causing slow traffic on the nimitz freeway. 7:38. let's go to steve. >>> clear skies, not much of a breeze. hardly anything at all. at the surface, almost everyone says calm. toughest for
about you. >> very lovely. >>> someone we also think is lovely, cbs sportscaster jim nantz who we like. he reportedly had an elaborate plan to deal with the blackout at this year's super bowl. most of the superdome went dark in the third quarter. remember that? according to "sports business journal" says nantz he wanted to jump from the broadcast booth, grab a ledge and lower himself into the stands. from there, he wanted to run onto the field and report what was going on. lance barrow who was producing for cbs thought better of the idea and kept nantz in his seat. >> they're probably going thank you, lance barrow. doubt me, don't. jim nantz. >>> live television can be shall we say, a dicey thing, especially when mistakes can last forever on the internet. ben tracy shows us a north dakota tv news anchor who's learning that lesson the hard way. >> reporter: first days on the job can be tough. this one was awful. >> [ bleep ] gay. >> good evening, i'm van tieu. >> a.j. clemente apparently unaware he was on the air swore as he got flustered practicing his lines for hi
that began with her husband, a hollywood agent jim toth was arrested for driving under the influence of alcohol. winner's ponce she was worried about her has been and clearly had one drink too many but asserted her respect for lawful enforcement. at the time, it was more like, don't you know who i am? the voice of nbc's sunday night football was busted for drug driving. police say al michaels was arrested in santa monica california friday night just before a tad. he spent more than five hours in jail before being released. michaels was charged with misdemeanor d y and is due in court on june 26th. they are michael's nor nbc has commented on the charges. a really well respected sports figure. >> it happens to the best of them. we are going to take a break at 6:43 a.m. and a live look from our san mateo bridge camera. traffic is moving along fine. the sun as their and we will have full details on your weather coming out. medications? i don't know. last immunization shots? really? honey, what's my blood pressure medicine called? one time i took something and i blew up like a puffer fish
digital age. thank you. appreciate it. >> when we come back, we have jim cramer, stocks to watch and we'll talk about what has him fired up ahead of the opening bell. stick around. .. as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious in
promise to find it just for you right here on "mad money." i'm jim cramer. thank you, everybody. see you tomorrow! >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." let's get started right away. the big story today a shocking but fake tweet and from the associated press and set off a steep stock market selloff and then just as suddenly, a stock market rebound. what on earth happened? cnbc's own eamon javers joins us with this incredible story. good evening. >> it was a really bizarre turn of events starting at 1:07:00 p.m. here's the tweet that the a.p. account put out at that minute. it said, "breaking" two explosions in the white house and barack obama is injured. that was a fake report as a result of a hack attack against the a.p. twitter account. but it set off this reaction in the dow jones industrial average, as you see from the chart, a huge spike down on that news. down about 143 points at the bottom. and then bouncing right back up, all of that happening within the space of about three minutes. and by sheer coincidence, the white house briefing was set t
that i served in the senate choking or half joking that jim demint should run for president. this is not exactly what i had in mind. perhaps he misunderstood me. the thing that makes jim demint a great leader is the same thing that has always made people like max balding and the heritage foundation so valuable. you are sharing assistance on making a positive case for conservatives, what conservatives are for. in washington is common for both parties to succumb to easy negativity. republicans and democrats are opposed to each other in an outspoken partisanship. it is what almost gets the most headlines. this negativity is not appealing on both sides. that helps explain why the government is increasingly held in such beauregard by the american people. for the left, the defensive crouch at least makes sense. liberalism's main purpose is to defend its past gains from conservative reform. negativity on the right to my mind makes no sense at all. the left has created this false narrative liberals are for things and conservatives are against things. when we concede this narrative w
, that is the --. >> host: charles there is tweet relating to what you're saying. jim writes can an american citizen be considered an enemy combatant? >> guest: absolutely goes back to the civil war. goes certainly to world war ii. anwar al-awlaki was american-born. president obama use ad drone to kill him in the wilds of yemen. if you, if you fill eight yourself with enemy forces and you go to war against american citizens and you kill americans will fully and you do so on behalf of a movement or enemy forces then indeed you can be considered an enemy combatant. being a enemy combatant simply because you're an american citizen. if in world war ii you went over and joined nazi forces were you not a enemy combatant? of course you were. . . >> he didn't treat those terrible tragedies as access war, but appropriately treated them as heinous criminal acts to be investigated, prosecuted, and appropriately punishes. >> host: al-alwaki was an american citizen, kimed on orders of president obama. did president obama violate the constitution by doing that? >> guest: well, actually, we have a lawsuit in which
Search Results 0 to 9 of about 10